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The BCEAO injected CFA511 billion at a 5.5% rate into Togolese banks this week as part of its routine liquidity operations. A total of CFA7,400 billion was granted in the auction on April 30, 2024, with 110 financial entities from the eight WAEMU countries participating. Ivorian banks received the most: CFA1,741 billion. They were followed by Burkinabe banks which obtained CFA1,312...
It is a first for the Togo-based holding. It achieved the record amidst challenging monetary conditions in key markets like Nigeria and Ghana.
According to the 2023 certified financial results, the Ecobank Group reported a pre-tax profit of $581 million, up 8% year-on-year. This was supported by a net income of nearly $2.1 billion, up 11%.
For the first time since 2015, the group's...
In 2023, the number of French volunteers in Togo reached a record high of 2,113. This included 1,988 short-term missions, 72 civil service assignments, and 53 International Solidarity Volunteers, according to the France Volontaires (FV) 2023 report.
From one year to the other, the number of volunteers deployed shot up by 176% (766 in 2022). According to FV, the surge reflects "a clear evolution...
Rumors of low voter turnout in Togo's April 29 elections quickly spread on social media. The day following the elections, Dago Yabré, President of the Independent National Electoral Commission (CENI), dismissed these claims. Yabré explained that the perception of low turnout was due to the many polling stations nationwide.
A total of 14,271 polling stations were set up nationwide for these...
Togo has entered a new phase of collaboration with global firms KPMG and McKinsey for implementing the Compact program. These renowned firms were selected by Togo's Compact Implementation Unit, as per a contract award notice.
KPMG will focus on ICT projects as part of Togo's Compact, conducting studies over 12 months. With operations in over 140 countries, KPMG Advisory will specifically delve...
International Workers' Day in Togo was marked by a meeting between the Minister of Public Service, Gilbert Bawara, and representatives of the Coordination of Trade Union Centers of Togo (CCST) and employers. They discussed the challenges of social dialogue and preserving social peace.
The talks focused on traditional concerns and implementing the Universal Health Coverage (UHC), a subject of...
Observer missions from the African Union (AU), ECOWAS, and CEN-SAD praised the smooth and transparent conduct of Togo's legislative and regional elections on April 29th.
AU's Positive Assessment
Ambassador Calixte Aristide Mbari, leading the AU Electoral Observation Mission, met with President Faure Essozimna Gnassingbé on April 30th. The AU mission, present since April 21st, expressed...
Last year, the Tinga Fund achieved 20,971 grid connections in Togo. This is about half, 52.42%, of the number the project had set eyes for 2023. The Ministry of Economy and Finance reported the data in its "Implementation Report of Reforms for the Year 2023".
Meanwhile, the Minister of Energy, Mila Aziablé, highlighted that these electrical connections were predominantly executed in the...
The Tinga Fund, after successful trials in various parts of Togo, is now being introduced in the Maritime region. On Friday, April 26th, the Minister Delegate for Energy and Mines, Aziablé Mila, officially launched pre-financed electricity connection offers in Tsévié.
This initiative allows Togolese residents to access electricity for 1000 CFA francs per month over 10 years. Following the...
Tony Elumelu Foundation: Togolese women entrepreneurs have until May 5 to apply to the Women Entrepreneurship for Africa Program
In Togo, young women entrepreneurs and those with business projects have until May 5th to apply for the Women Entrepreneurship for Africa program, supported by the Tony Elumelu Foundation (TEF).
This opportunity was introduced during an awareness session on...
The Regional Stock Exchange (BRVM) and the Global Green Growth Institute (GGGI) recently signed a memorandum of understanding to boost collaboration in promoting green finance across the eight UEMOA countries, including Togo. The signing ceremony, held on Thursday, April 25, 2024, was presided over by Ivorian Minister of Environment, Sustainable Development, and Ecological Transition, Jacques...
The Togo Chamber of Commerce and Industry (CCI-Togo) is gearing up for new leadership. The Consular Electoral Commission (CEC) announced that candidate applications will open on May 2nd for 10 days. This follows the recent publication of the definitive voter lists.
This candidate submission phase marks a crucial step in a process started months ago to renew the CCI-T's governing bodies. The...
Togo raised CFA32.9 billion on the Umoa securities market on April 26, 2024. The country raised the amount through a simultaneous issuance of Treasury Bonds (OAT) and Treasury Bills (BAT). Lomé’s target for the operation was CFA30 billion.
According to the operation report, Togo collected CFA21 billion from the BATs issued with maturities of 364 days and multiple interest rates. The...
Djobo-Babakane Coulibaley officially took over as head of the Constitutional Court on Sunday, April 28, following his appointment by presidential decree. The handover, overseen by Minister of Human Rights Pacôme Adjourouvi, marks a significant step in the country's institutional continuity.
The seat was occupied by Kouami Amados-Djoko, who served as acting president after the passing of the...
Togo’s land borders are closed today. The country holds its legislative and regional elections.
The Minister of Territorial Administration, Hodabalo Awaté, and Minister of Security and Civil Protection, Calixte Madjoulba announced the decision. The closure is to ensure security and a smooth electoral process.
In a joint statement, the officials urge border users and the public to cooperate...
Togo holds today its regional and legislative elections. Over 4.2 million people are voting to appoint 113 deputies (out of 2,352 candidates) and 179 regional councilors.
The campaign took place from April 13 to 27. It was peaceful, despite various security concerns, in the North especially.
The government financially supported involved political parties with FCFA650 million,...